Analysis for December 9th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected. Right now, the price is testing retracements 61.8% as well as several local retracements. If the market rebounds from the current level, the pair may resume moving downwards.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/33/eurusdfib1_41.png)
At the H1 chart, the predicted target area is confirmed by several local retracements, which make this area even more important. If the price rebounds from them, the pair may start a new descending movement towards the group of lower fibo-levels.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/24/eurusdfib2_41.png)
USD CHF, “US Dollar vs Swiss Franc”
In case of Franc, the pair has reached retracement 61.8% and may rebound from it. If it happens, I’m planning to start buying again. The main target is still the group of upper fibo‑levels.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/15/usdchffib1_41.png)
As we can see at the H1 chart, retracement 61.8% is confirmed by several local retracement, from which the pair may rebound during the next 24 hours. If later the price is able to stay above retracement 23.6%, bulls will return to the market.
RoboForex Analytical Department